BitMEX pleads guilty to Bank Secrecy Act violation
[Jul 10 3:38 PM] BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.
21 / 82 Relevant items tagged with #Regulation
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US lawmakers meet with crypto advocates in DC roundtable
[Jul 10 1:54 PM] Anita Dunn, a senior adviser to Joe Biden, attended the roundtable in her personal capacity amid reports the US president was considering changing his position on crypto.
Coinbase’s Stand With Crypto initiative to launch in Canada
[Jul 10 10:25 AM] The group hinted at advocating for crypto regulation in Canada and updating the country’s financial system, as residents had an “appetite” for change.
Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency
[Jul 9 1:45 PM] The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent…
Chamber of Progress says Biden can ‘still win’ on crypto against Trump
[Jul 9 12:20 PM] According to the advocacy group, the US president still has an opportunity to counter Donald Trump’s “change of heart on cryptocurrency” by supporting regulation.
Sentencing for ex-FTX execs set for October, November
[Jul 9 9:14 AM] Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year.
Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt
[Jul 8 9:11 PM] Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy…
US Republicans under Trump include crypto in official party platform
[Jul 8 3:00 PM] The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President.
Crypto-Friendly Sen. JD Vance's Odds as Trump VP Pick Double on Polymarket
[Jul 8 2:49 PM] Traders on the crypto-based prediction market now see a 29% chance that the Ohio Republican will be former President Trump’s running mate, up from 14% a week ago.
VanEck and 21Shares send amended Ether ETF filings to SEC
[Jul 8 1:31 PM] Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July.
Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate
[Jul 8 9:14 AM] Pro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital economy in his campaign to unseat Democrat Elizabeth Warren.
Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange
[Jul 7 5:30 AM] The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual…
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
Former US solicitor general claims regulators want to ‘debank’ crypto
[Jul 5 3:03 PM] Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.
UK crypto advocates call for consistent policy after Labour landslide
[Jul 5 10:51 AM] At least one industry leader suggested that crypto policy in the United Kingdom would be “business as usual” despite the change in government.
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
[Jul 4 10:09 PM] Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been…
UK exit poll suggests Labour Party victory, next PM Keir Starmer
[Jul 4 3:08 PM] According to a BBC exit poll after a July 4 general election, Labour was set to oust the Conservatives for the first time in 14 years.
South Korean government to launch crypto transaction monitoring system
[Jul 4 10:37 AM] Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions.
Bitwise files amended Ethereum ETF S-1 — experts predict July launch
[Jul 3 3:25 PM] SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July.
Binance exec trial will resume July 5 as family reports health problems
[Jul 3 1:22 PM] Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.
UK voters call for candidates to consider crypto as election looms
[Jul 3 10:40 AM] It’s unclear what a Labour Party government could mean for digital assets in the U.K., but according to one poll, many voters want politicians to consider the industry.
SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions
[Jul 2 6:36 PM] The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate…
Judge signs off on expedited schedule for Consensys suit against SEC
[Jul 2 12:12 PM] While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm.
Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance
[Jul 1 8:31 PM] The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and…
Circle’s Stablecoins Now MiCA Compliant
[Jul 1 7:20 PM] Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also…
SEC files lawsuit against FTX-linked bank, alleging fraud
[Jul 1 3:34 PM] Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”
Experts say latest SCOTUS opinions will limit SEC power over crypto
[Jul 1 2:00 PM] The conservative members of the U.S. Supreme Court sided with two majority opinions that could have lasting implications for federal agencies to enforce laws.
Coinbase will custody digital assets for US Marshals Service
[Jul 1 9:20 AM] The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.
Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses
[Jun 30 7:10 PM] The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations…
Defi Education Fund on Chevron Doctrine Overruled: ‘It Opens a New Chapter in the Battle for Clear Regulations’
[Jun 30 4:36 PM] The Defi Education Fund, an organization focused on defending and bringing clarity to decentralized finance, pondered on what the recent overruling of the so-called Chevron doctrine might mean for crypto. The organization explained that this…